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Why have Paytm Share Prices Crashed? [ Explained ]
Why is Paytm’s stock dropping in value?: The latest drop in the stock price is due to the Reserve Bank of India (RBI) prohibiting Paytm Payments Bank from onboarding any new customers.
The RBI stated in a statement on Friday that it took the action because of “material supervisory concerns,” but did not specify what those concerns were.
Why is Paytm’s stock dropping in value?
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The latest drop in the stock price is due to the Reserve Bank of India (RBI) prohibiting Paytm Payments Bank from onboarding any new customers.
The RBI stated in a statement on Friday that it took the action because of “material supervisory concerns,” but did not specify what those concerns were.
What is the current value of Paytm’s stock?
Paytm’s shares have lost more than 70% of their value since their initial public offering on November 18, when they were priced at Rs 2,150 a share.
The business sought a valuation of Rs 1.39 lakh crore through its initial public offering at the issue price, and its market capitalization was at Rs 44,423 crore as of early Monday.
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